Q. Is dividend from SBI Mutual Fund taxable?
Dividend distributed will now be taxable in the hands of the investor as per slab applicable rates. Additional tax on income distributed by mutual funds has been abolished.
Q. Is SBI Mutual Fund eligible for tax benefit?
When you invest in SBI MF ELSS Funds, you become eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. In this, the amount invested by you gets deducted from your taxable income.
Table of Contents
- Q. Is dividend from SBI Mutual Fund taxable?
- Q. Is SBI Mutual Fund eligible for tax benefit?
- Q. How can I get capital gain from SBI Mutual Fund?
- Q. How can I redeem SBI Magnum tax Gain?
- Q. Are mutual fund dividends taxable ay 2020 21?
- Q. How is tax calculated on mutual funds?
- Q. Which SBI Mutual Fund is tax free?
- Q. How do I know if my mutual fund is tax saver?
- Q. Which SBI Mutual Fund gives highest return?
- Q. What is NAV of SBI Magnum tax Gain?
- Q. What is the new name of SBI Magnum tax Gain Scheme?
Q. How can I get capital gain from SBI Mutual Fund?
To request a Smart Statement please enter your PAN and registered email ID to receive the statement on your email ID. For a normal PDF statement select the radio button and enter your folio number to receive a copy of the statement on your registered email ID.
Q. How can I redeem SBI Magnum tax Gain?
FAQs on SBI Magnum Tax Gain
- Visit the official website of SBI Mutual Fund or simple click here to access the same page and login with the necessary details.
- Select the fund from which you want to redeem and choose the number of units or amount.
- Confirm your request.
Q. Are mutual fund dividends taxable ay 2020 21?
Dividends declared and distributed on or after April 1, 2020, are taxable in the hands of recipient shareholders. Such dividend income is subject to 10% TDS, if the amount received exceeds Rs 5,000 in a year.
Q. How is tax calculated on mutual funds?
The rate of taxation of capital gains on hybrid or balanced funds is dependent on the equity exposure of the portfolio….Taxation of Capital Gains of Hybrid Fund.
| Fund type | Short-term capital gains | Long-term capital gains |
|---|---|---|
| Hybrid debt-oriented funds | Taxed at the investor’s income tax slab rate | 20% + cess + surcharge |
Q. Which SBI Mutual Fund is tax free?
SBI Magnum Taxgain Scheme, an Equity Linked Savings Scheme (ELSS) with a track record of over 23 years, allows you to save tax and benefit from investing in equity markets with potential for returns that can beat inflation in the long term and be exempt from tax as per current regulations (for investments made by …
Q. How do I know if my mutual fund is tax saver?
An ELSS is a mutual fund class that offers tax deductions under Section 80C of the Income Tax Act, 1961. To check if a fund is an ELSS or not, you need to check for its details on the fund house’s website.
Q. Which SBI Mutual Fund gives highest return?
Top 10 Sbi Mutual Funds
| Fund Name | Category | 1Y Returns |
|---|---|---|
| SBI Bluechip Fund | Equity | 48.5% |
| SBI Flexicap Fund | Equity | 53.0% |
| SBI Banking & Financial Services Fund | Equity | 38.4% |
| SBI Focused Equity Fund | Equity | 65.5% |
Q. What is NAV of SBI Magnum tax Gain?
SBI Magnum Long Term Equity Scheme Direct Growth – Regular – Latest NAV [ ₹248.1891 ], Returns, Performance, Portfolio & Returns 2021.
Q. What is the new name of SBI Magnum tax Gain Scheme?
SBI Long Term Equity Fund
SBI Mutual Fund proposes to change the name of SBI Magnum Taxgain Fund to SBI Long Term Equity Fund with effect from February 17, 2020.
